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Daoud Hadi Lead Data Scientist at Eastnets

The double-edged sword of AI in financial regulatory compliance

Global money laundering is estimated to account for a staggering two to five per cent of the world’s GDP, equivalent to up to $2 trillion. In response, regulatory bodies are tightening the noose on financial crime by implementing increasingly stringent regulations and laws. As they do so, many financial institutions are turning to AI in a bid to sp...

30 November 2023 /regulation /crime